Volume ‣ MetaTrader Trading Robots

On Balance Volume (OBV) – indicator for MetaTrader 5

On Balance Volume technical indicator (OBV) is a momentum technical indicator that relates volume to price change. The indicator, which Joseph Granville came up with, is pretty simple. If the close price of the current bar is higher than that of the previous bar, the volume of the current bar is added to the previous

Price and Volume Trend (PVT) – indicator for MetaTrader 5

Price and Volume Trend (PVT) indicator, like On Balance Volume (OBV), represents the cumulative sum of trade volumes calculated considering close price changes. The calculation algorithm is close to that of the indicator OBV. But in OBV we add the whole daily volume to the current indicator value when close prices are higher, and detract

Volume Rate of Change (VROC) – indicator for MetaTrader 5

Volume Rate of Change (VROC) is an indicator of the direction where the volume trend moves. Its idea lies in the fact that almost all important graphical formations (peaks, bottoms, breaches, etc.) are accompanied by a dramatic increase of trade volume. The indicator is the difference between current bar volume and the volume n periods

A Tool: Peak Volume Counter – expert advisor for MetaTrader 4

A Tool: Peak Volume Counter - expert for MetaTrader 4

A Tool: Peak Volume Counter Modification: 70001Edition Date: 2009.06.03Copyright (C) 2009, MetaQuotes Software Corp. https://www.metaquotes.netCopyright (C) 2009, Airat Safin Free Open Source Software AS IS A Tool: Peak Volume Counter 1. A Tool: Peak Volume Counter, or simply AIS7PVC, is an auxiliary program for AIS5 Trade Machine. 2. Main aim of AIS7PVC is to

Simple Volume – indicator for MetaTrader 4

Description: This indicator shows the interaction between price open and the period’s volume. Image: Simple Volume – indicator for MetaTrader 4

Positive Volume Index – indicator for MetaTrader 5

Positive Volume Index (PVI) draws a connection between the volume rise and financial instrument price change. In case the volume increases compared to the previous day, PVI is defined by the price percentage change. PVI indicator is designed so that its value changes only when the current day volume is higher than the previous day

Negative Volume Index – indicator for MetaTrader 5

Negative Volume Index (NVI) draws a connection between the volume downfall and financial instrument price change. In case the volume decreases compared to the previous day, NVI is defined by the price percentage change. NVI indicator is designed so that its value changes only when the current day volume is lower than the previous day

Price and Volume Trend – indicator for MetaTrader 5

The real author: Martingeil A classic Price and Volume Trend, PVT indicator (Price and Volume Trend, PVT) with added signal line. Indicator’s file uses the classes of the SmoothAlgorithms.mqh library. Working with that class was described in details in the article “Averaging price series for intermediate calculations without using additional buffers”. This indicator was first

Normalized Volume – indicator for MetaTrader 5

The real author: Vadim Shumilov Normalized Volume is an indicator whose main purpose is to filter false signals which occur in the side movement of the market. The basis of the strong side of the Normalized Volume indicator is a work with the volume and price, and a theory that occurrence of strong trend movements

Positive Volume Index – indicator for MetaTrader 4

Description: This indicator, recognizing trends in an early stage, can be used to get ready for a break-out scenario. The indicator depicts the Positive Volume Index (PVI), smoothed by the factor MA_PERIOD (default=2). For comparison purpose, the EMA with period ME_PERIOD (default=10) is also added to the indicator window. Notice: The code is at it